Mulhern Mark F 4
4 · HIGHWOODS PROPERTIES, INC. · Filed Mar 3, 2020
Insider Transaction Report
Form 4
Mulhern Mark F
Director
Transactions
- Disposition to Issuer
Common Stock
2020-03-01−5,968→ 99,709 total - Tax Payment
Common Stock
2020-03-01−2,269→ 105,677 total - Award
Common Stock
2020-03-01+16,752→ 107,946 total
Footnotes (3)
- [F1]Consists of time-based restricted stock granted by the Company that vests ratably over four years on March 1st of each year after the grant date and total return-based restricted stock granted by the Company that vests at the end of the applicable measurement period to the extent actual performance exceeds certain levels of performance.
- [F2]In accordance with the terms of the initial restricted stock award and in connection with the vesting of the award, the reporting person tendered a portion of the restricted stock award to the issuer in satisfaction of tax liabilities.
- [F3]Represents the number of total return-based shares of restricted stock forfeited because the Company achieved less than threshold levels of performance relative to predetermined goals.